Improving Financing and Management Quality through IFRS Adoption
First written in FY2017. 11 of 14 entries say "Advanced", first in FY2018-Q1. Latest entry: FY2026-H1.
10 other companies' latest entry also says "Advanced".
- FY2026-H1AdvancedAnnual report
「The standards and interpretations applied by the Group from the current fiscal year are as follows: IFRS 9 and IFRS 7, Financial Instruments: Amendments to the classification and measurement of financial instruments, clarifying the classification of financial assets with ESG-linked features and the date on which derecognition occurs in electronic payment systems; IFRS 9 and IFRS 7, Financial Instruments: Amendments relating to contracts for electricity dependent on nature, prescribing the accounting treatment and disclosures for power purchase agreements.」
From fiscal 2026, the Group applied amendments to IFRS 9 and IFRS 7 concerning the classification and measurement of financial instruments and contracts for electricity dependent on nature. It states that there was no material impact on the condensed interim consolidated financial statements. - FY2025-H1AdvancedAnnual report
「The standards and interpretations applied by the Group from the current fiscal year are as follows: IAS 21, The Effects of Changes in Foreign Exchange Rates: Requirements for accounting for and disclosing currencies that are not exchangeable.」
From the current fiscal year, the Group applied amendments to IAS 21 and began accounting for and disclosing currencies that are not exchangeable. It states that there was no material impact on the condensed interim consolidated financial statements. - FY2024-Q1AdvancedAnnual report
「The standards and interpretations applied by the Group from the current fiscal year are as follows: IFRS 7, Financial Instruments: Disclosures, and IAS 7, Statement of Cash Flows: Requirements for disclosures about supplier finance arrangements.」
From the current fiscal year, the Group applied amendments to IFRS 7 and IAS 7 and began disclosing supplier finance arrangements. It states that there was no material impact on the financial statements. - FY2023-Q2AdvancedAnnual report
「The standards and interpretations applied by the Group from the current fiscal year are as follows: IAS 1, Presentation of Financial Statements: Amendments to require disclosure of material accounting policies instead of significant accounting policies.」
From the current fiscal year, the Group applied amendments to IAS 1 and changed its presentation and disclosure requirements for material accounting policies. It states that there was no material impact on the financial statements. - FY2023-Q1AdvancedAnnual report
「The Company and certain subsidiaries have transitioned from the consolidated taxation system to the group tax sharing system from the beginning of the first quarter under review.」
From the first quarter under review, the Company and certain subsidiaries transitioned from the consolidated taxation system to the group tax sharing system. - FY2022-Q1AdvancedAnnual report
「The standards and interpretations applied by the Group from the beginning of the first quarter under review are as follows: IFRS 3, Business Combinations: Amendments reflecting changes to the version of the Conceptual Framework referred to; IFRS 9, Financial Instruments: Clarification of the fees and costs to be included in the 10% test for derecognition of financial liabilities.」
The Group applied amendments to IFRS 3 and IFRS 9 from the first quarter under review. It states that there was no material impact on the condensed quarterly consolidated financial statements. - FY2021-Q3AdvancedAnnual report
「The standards and interpretations applied by the Group from the beginning of the first quarter under review are as follows: IFRS 16, Leases: Amendments to the accounting for rent concessions related to the COVID-19 pandemic occurring on or after 30 June 2021.」
The Group early adopted the amended IFRS 16 provisions on accounting for rent concessions related to the COVID-19 pandemic, stating that there was no material impact on the condensed quarterly consolidated financial statements. - FY2020-Q3AdvancedAnnual report
「The standards and interpretations applied by the Group from the beginning of the first quarter under review are as follows: IFRS 3, Business Combinations: Amendments revising the definition of a business; IFRS 16, Leases: Practical expedient added for accounting for rent concessions related to the COVID-19 pandemic.」
The Group early adopted the practical expedient under IFRS 16 for accounting for rent concessions related to the COVID-19 pandemic. It states that there was no material impact on the condensed quarterly consolidated financial statements. - FY2019-Q1AdvancedAnnual report
「The Group has applied IFRS 16, Leases, from the beginning of the first quarter under review. As a result, assets and liabilities increased by ¥39,033 million upon application of IFRS 16.」
The Group began applying IFRS 16, and assets and liabilities increased by ¥39,033 million as a result of recognizing right-of-use assets and lease liabilities. It states that there was no material impact on operating profit or quarterly profit. - FY2018AdvancedAnnual report
「As a result, compared with applying the previous accounting standards, revenue and selling, general and administrative expenses and other expenses in the consolidated statement of profit or loss for the fiscal year under review decreased by ¥10,944 million and ¥70,905 million, respectively, including promotional expenses of ¥9,028 million deducted from revenue and freight and storage costs of ¥28,000 million recorded as cost of sales, while cost of sales increased by ¥59,962 million. There was no impact on operating profit or profit for the year.」
The Group disclosed the amounts of the presentation changes resulting from the annual application of IFRS 15, confirming that there was no impact on operating profit or profit for the year. - FY2018-Q3RestatedAnnual report
「As a result, compared with applying the previous accounting standards, revenue and selling, general and administrative expenses and other expenses in the condensed quarterly consolidated statement of profit or loss for the nine months ended the third quarter under review decreased by ¥6,874 million and ¥52,080 million, respectively, including promotional expenses of ¥5,611 million deducted from revenue and freight and storage costs of ¥21,192 million recorded as cost of sales, while cost of sales increased by ¥45,206 million. There was no impact on operating profit or quarterly profit.」
The Group disclosed the amounts of the presentation changes in revenue, selling, general and administrative expenses and other expenses, and cost of sales resulting from the adoption of IFRS 15, reaffirming that there was no impact on operating profit or quarterly profit. - FY2018-Q2RestatedAnnual report
「As a result, compared with applying the previous accounting standards, revenue and selling, general and administrative expenses and other expenses in the condensed quarterly consolidated statement of profit or loss for the six months ended the second quarter under review decreased by ¥4,192 million and ¥34,105 million, respectively, including promotional expenses of ¥3,486 million deducted from revenue and freight and storage costs of ¥14,066 million recorded as cost of sales, while cost of sales increased by ¥29,913 million. There was no impact on operating profit or quarterly profit.」
The Group disclosed the amounts of the presentation changes in revenue, selling, general and administrative expenses and other expenses, and cost of sales resulting from the adoption of IFRS 15, stating that there was no impact on operating profit or quarterly profit. - FY2018-Q1AdvancedAnnual report
「The Group has applied IFRS 15, Revenue from Contracts with Customers, from the beginning of the first quarter under review.」
With the adoption of IFRS 15, the Group transitioned to a revenue recognition and presentation method under which some promotional expenses are deducted from revenue and freight, storage and other costs are recorded as cost of sales. It states that there is no impact on operating profit or quarterly profit. - FY2017First statedAnnual report
「The Group decided to adopt IFRS from fiscal 2011. Through this adoption, the Group aims to diversify its funding methods and improve the quality of management control.」
The Group has set out an accounting and management policy linking IFRS adoption with diversification of funding methods and improved management control quality.